Congress Passes The American Rescue Plan Act (ARP Act)

Today the House passed the American Rescue Plan Act (ARP Act) of 2021 (the stimulus package) with the amendments passed by the Senate, and the Act is expected to be quickly signed by the President. Below are some highlights of the ARP Act. $1,400 per person stimulus payments for taxpa
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A Look at Potential Biden Tax Changes

With the 2020 election over and the two Georgia Senate seats being filled by Democrats, there could be a chance that Biden’s tax plan gets looked at in Congress. Please look at the link below to read some of the proposals in his plan. If you would like to discuss any of these po
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Additional Coronavirus Response and Relief

We have been waiting for a second stimulus package and additional guidance on the provisions pertaining to the PPP and EIDL Loan Programs. This morning the text of the new Additional Coronavirus Response and Relief (ACRR) legislation was released and we have prepared a short list summ
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Cardinals Playoff Attendance Numbers Fall. Fair Weather Fans? Or TCJA Impact?

According to KSDK in St. Louis, Game 4 of the National League Division Series (NLDS) was the first-ever non-sell out playoff game in the history of Busch Stadium III. Are sports teams in the St. Louis area finally feeling an impact from the Tax Cuts and Jobs Act (TCJA) in regards to t
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IRS Waives Penalty for Many

The IRS has announced that it will be waiving the penalty for the underpayment of estimated tax for many taxpayers whose estimated tax payments and federal income tax withholdings came up short for the 2018 tax year. The underpayment penalty relief is intended to provide assistance to
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